08-11-26 Ask An Advisor With Wes Moss
Summary
Wes Moss and Krista DeViaz discuss the psychology of retirement, emphasizing the importance of planning for a meaningful life rather than just financial security. They address listener questions on whether to relocate for better community, how to diversify a concentrated Apple stock position in an IRA, and strategies for early 401(k) withdrawals. The episode also covers overcoming the fear of spending in retirement, using the 4% rule to guide withdrawals, and deciding between a HELOC and IRA withdrawals for large expenses.
Topics discussed
Sponsorships: LinkedIn, Instagram, and Visible
Introduction and studio banter
The problem of retirement underspending
Aristotle's eudaimonic happiness in retirement
Money green zones and core pursuits
Creating a Happy Retiree Life Map
Listener Q: Moving for community vs mortgage rate
Advice on renting before buying in a new area
Listener Q: Diversifying concentrated Apple stock in IRA
Listener Q: Checking Rule of 55 eligibility in 401k
Sponsorships: Tidy Cats and United Airlines
Statistics on fear of running out of money
The 2% withdrawal rule and its practicality
Max out without running out: The 4% rule
Listener Q: Rebalancing 401k before early retirement
Listener Q: Can I retire at 58 with these assets?
Listener Q: HELOC vs IRA withdrawal for garage
Closing remarks and book promotion
Sponsorship: Uber Eats back to school
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